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    Mattoon, IL
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    Mattoon, IL Retail Properties & Spaces for Sale

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    Modern Strip Mall For Sale
    Updated: Apr 20
    Modern Strip Mall For Sale

    905 Remington Road, Mattoon, IL 61938

    $2,500,000
    9,938 sqft 2.38 AC lot
    Excellent location with great access to the interstate, big box stores, and restaurants.
    Modern construction: Built in 2017.
    Substantial building size: 9,938 square feet.
    Large lot size: 2.38 acres.
    Equipped with 3‑phase electric power.
    View details
    Retail Building on Charleston Avenue
    Updated: Sep 12, 2025
    Retail Building on Charleston Avenue

    1400 Charleston Ave |, Mattoon, IL 61938

    $500,000
    25 sqft
    National tenant provides stable income stream.
    Investment grade tenant minimizes risk.
    Seven‑year gross lease ensures predictable cash flow.
    Fee simple interest offers full ownership rights.
    Retail building provides tangible asset.
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    Retail, Office
    Retail, Office

    123 North 15th Street, Mattoon, IL 61938

    Contact for pricing
    14,588 sqft

    Office Units · 14,588 SF

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Spacious Retail Property with Living
    Spacious Retail Property with Living

    712 Lake Land Blvd, Mattoon, IL 61938

    Contact for pricing
    7,784 sqft

    Large retail space with living quarters and ample storage.

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    Retail Building in Mattoon, Illinois
    Retail Building in Mattoon, Illinois

    1401 Charleston Ave, Mattoon, IL

    Contact for pricing
    25,000 sqft 0.48 AC lot

    Retail building leased to a national tenant for sale.

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    Former KFC Investment Property
    Former KFC Investment Property

    1000 Charleston Ave, Mattoon, IL

    Contact for pricing
    2,449 sqft 0.48 AC lot

    Former KFC property in Mattoon, Illinois, for sale.

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    Versatile Commercial Space with Visibility
    Versatile Commercial Space with Visibility

    701 N 22nd St, Mattoon, IL 61938

    $114,000
    0.23 AC lot

    Commercial storefront with overhead doors and high traffic visibility.

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    Valvoline Corporate Lease Investment Opportunity
    Valvoline Corporate Lease Investment Opportunity

    700 Broadway Ave E, Mattoon, IL 61938

    Contact for pricing

    New, long-term corporate lease with options in Mattoon, Illinois.

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    Former Bank Building Near Mall
    Former Bank Building Near Mall

    402 Richmond Ave E, Mattoon, IL 61938

    Contact for pricing
    1,806 sqft 1.60 AC lot

    1,806 SF former bank building on 1.6 AC for sale.

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    Turnkey Investment Property with Expansion Potential
    Turnkey Investment Property with Expansion Potential

    921 Lake Land Blvd, Mattoon, IL 61938

    $495,000
    0.48 AC lot

    Leased retail spaces with vacant lot for future development.

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    New Dollar General Plus Store
    New Dollar General Plus Store

    1717 Lake Land Blvd, Mattoon, IL 61938

    Contact for pricing
    10,566 sqft

    New 10,566 SF Dollar General Plus store in Illinois.

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    Retail Outlots Near Cross County Mall
    Retail Outlots Near Cross County Mall

    700 Broadway Ave, Mattoon, IL 61938

    Contact for pricing
    1,806 sqft 1.60 AC lot

    Outlots and freestanding building near major retailers and sports complex.

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    Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 12 Active listings in Mattoon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Investment with 8.39% CAP
    Retail Investment with 8.39% CAP

    528 W Lincoln Ave, Charleston, IL 61920

    Contact for pricing
    80,244 sqft

    For-sale retail property totaling 80,244 SF and marketed at an 8.39% capitalization rate.

    View details
    Single-Tenant Walgreens NNN
    Single-Tenant Walgreens NNN

    411 W Lincoln Ave, Charleston, IL 61920

    Contact for pricing
    14,550 sqft

    Single-tenant Walgreens on an NNN lease with more than seven years remaining on the primary term.

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    Grocery and Retail Building with Endcap
    Grocery and Retail Building with Endcap

    607 E Southline Rd, Tuscola, IL 61953

    Contact for pricing
    37,619 sqft

    Well-maintained IGA grocery building with open retail at the front and shipping and receiving in the rear.

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    Grocery-Converted Retail With Dock Doors
    Grocery-Converted Retail With Dock Doors

    605 E Southline Rd, Tuscola, IL 61953

    Contact for pricing

    Well-maintained building offers open retail at the front, shipping and receiving at the rear with two overhead dock doors.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Lot in Savoy
    Prime Commercial Lot in Savoy

    103 Calvin Street, Savoy, IL 61874

    $125,000
    3,800 sqft 0.33 AC lot

    Last available lot in a thriving Savoy commercial area.

    View details
    Commercial Development Land Parcel
    Commercial Development Land Parcel

    612 CLARENDON Court, Savoy, IL 61874

    $450,000
    1.97 AC lot

    1.97-acre commercial land parcel in Savoy, zoned for commercial uses, with concrete parking pads and village-approved site plans.

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    Commercial Land Near Main Street
    Commercial Land Near Main Street

    413 W Main Street, Sidney, IL 61877

    $30,000
    0.91 AC lot

    0.91 acre commercial lot with endless opportunities in Sidney, IL.

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    Champaign Commercial Land For Sale
    Champaign Commercial Land For Sale

    4202 Nicklaus Drive, Champaign, IL 61822

    $750,000
    1.92 AC lot

    1.92-acre commercial lot in desirable Champaign location.

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    Off-Market Properties in Mattoon, IL

    Consider similar Off-Market properties in Mattoon, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    402 Richmond Ave
    Individual retail properties

    402 Richmond Ave, Mattoon, IL 61938

    Value Estimation by Request
    1,806 sqft 1.60 AC lot
    View details
    1500 Lakeland Mattoon Il
    Power centers

    1500 Lakeland Mattoon Il, Mattoon, IL 61938

    Value Estimation by Request
    31,585 sqft
    View details
    402 Richmond Ave
    Individual retail properties

    402 Richmond Ave, Mattoon, IL 61938

    Value Estimation by Request
    1,806 sqft 1.60 AC lot
    View details
    208 Charleston Ave
    Individual retail properties

    208 Charleston Ave, Mattoon, IL 61938

    Value Estimation by Request
    54,394 sqft
    View details

    Mattoon, IL Retail Properties & Spaces Market Trends and Statistics

    Explore 16 retail properties & spaces for sale in Mattoon, IL, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 73,962 square feet of properties for sale, with an estimated market value of $3,609,000.

    Sale prices for stores in Mattoon, IL start at $114,000, averaging $902,250, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 14
    Storefront properties 6
    Automotive properties 3
    Auto shops 2
    Banks 2

    Demographics Overview

    Population 20K
    Population Growth (5Y) -6.4%
    Median Household Income $54,288
    College Educated 31.1%

    High-Yield Neighborhoods for Investment

    Identify Mattoon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61938 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 7.54%
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Mattoon fall within the 50,000 to 100,000 square foot range.

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